Crypto is pretty much speed running our existing financial institutions’ past history.
Crypto is a bit like the early internet. People thought the liberation of information would make people smarter and democracies. Instead we built giant skinner boxes where people ignore valuable information in favor of random stimuli.
It’s likely the most dystopian outcome for crypto is the most likely - something like Central Bank Digital Currencies where every transaction is logged and financial privacy is erased. At the edge you might have something like flexible pricing where anyone who doesn’t own a business will be charged more money for transactions if they have more money, thus making sure that capital owns everything and can’t be threatened in the future.
That is already the case though with just regular bank accounts and debit/credit cards, no? There's still privacy in cash, but cash is getting more and more limits placed on it to make it harder to use for this exact reason - and it's not even new, e.g. Sweden has been intentionally openly pursuing "cashless society" as a goal for over 20 years now.
what does this have to do with EDM?
Techno = A movement that is largely an exercise in pushing computers/midi to their limit while creating inventive music.
EDM = event driven marketing. pop music with a 4x4 kick drum.
...Yeah I know, semantics.
Also, I'm sure it's super hard to push the limits of all 127 values of dynamic range that MIDI offers, especially when you also write all your music on common time
Celcius is not decentralized, it is not a community led-project, it is not free/open source software.
So who is "they"? It's obvious to me that the type of person who endorses something like celcius just sees cryptocurrency as a free money machine, and does not actually have real princples regarding decentralization and whatnot.
Cryptocurrency can be strong against censorship etc. But it is clearly not sufficient in itself for censorship resistance etc (e.g. what value is being secured? from who? how?) It is analagous to saying that encryption is good for security but the presence of encryption is not sufficient for security (e.g. what data is being secured? from who? how?).
The fact that celcius can steal your deposit despite the fact that cryptocurrency is involved is analagous to the fact that GMail can read your emails despite the fact that HTTPS is involved.
The issue is people keep reinventing centralized banking on top of it. Exchanges for example are actually just banks in disguise. Of course reinventing centralized banks brings forth all the problems associated with centralized banking. Problems society has already identified and remedied. All the drawbacks and none of the benefits.
The solution is of course to stop reinventing banks and start using cryptocurrency like it was meant to be used: as a currency.